Grains were mixed with March Wheat Futures closing down 2 ¾ cents at 8.85 1/2, Jan Beans closed down 16 ½ cents at 10.81 ½, and March Corn closed up 2 ¼ cents at 4.02 ½.

Feb. Live Cattle Futures closed down .85 at 95.80 and Jan Feeder Cattle closed down 1.275 at 107.800. Feb. Lean Hogs closed at down .55 at 62.30.

“Do-so” is more important than “say-so.”

Author: Pete Seeger

AS I SEE IT:The market rallied in overnight trading after listening to the Bernanke speech.It sounds like the Fed is going to lower the Fed Funds Rate and the Interest Rates on Dec. 11.The market has it priced in so I don’t see that they have any other choice.

Today the market opened higher in the regular trading session but sold off during the first two hours.Then it traded sideways to lower until the last hour when it rallied back to the mid-range of the day.This is the fourth day of the rally from the low, so if the market opens higher on Monday there could be some backing and filling.

This has been a very good trading week for Soaring Phoenix because of the momentum and large range days in the contracts we trade.

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About The Author

Mr. Ray Olson is the Author of the Market Strategies Workbooks. He has been trading for over 40 years, and his insights are priceless. Besides trading the Soaring Phoenix accounts, he publishes the Newsletters and teaches others how to trade.

Trade Like A Pro...Live The Life You Want

We want to give everyone the opportunity to "Trade Like A Pro" with the Soaring Phoenix Market Trading Strategies workbooks and free newsletter.
Even though these market trading strategies can be used in any market with enough volume to create movement, we specialize in teaching brokers/traders to trade the E-mini S&P, Nasdaq 100, 30 yr. T-Bonds, Gold, and the Oil market futures.
Our Instructor, Mr. Ray Olson, Senior Trader for Soaring Phoenix LLC accounts, and the Author of the Soaring Phoenix Market Trading Strategies has traded for 40 years and is one of the best traders in the country. We are fortunate to have him trade for Soaring Phoenix, and help others learn how to trade with the profit probabilities on their side.
We offer everyone the opportunity to learn more about our market trading strategies by sending them FREE, a daily newsletter with market comments and charts. We also send ATM (Active Trading Momentum) numbers for 60 days, so students can get an idea what these market trading strategies can do for them. If you purchase the Workbooks, Mr. Olson is available for his students to give them further instruction.